THE HONGKONG TELEGRAPH. TUESDAY, SEPTEMBER 19, 1916.

COMMERCIAL

Swedish Iron Ore Exports.

The exports of iron ore from Ozelmand during the week 2nd- 8th July, have been 28,118 sons, and sines the 1st January 697,549 sona, compared with 656,120 tons during the same period last year.

Zinc Refining Company for

Daired.

Java Companies' Taxation.

NEWS

German Iron Production.

Tobacco Sales.

HONGKONG SHARE REPORT

—SELLERS; SA.—SALES; -BUYEES; N.--NOMINAL

>.

BANKS,

BANK OF CANTON

LIMITED,

BANKS

HONGKOFO & SHANGHII

BANKING CORPORA

STION;

HEAD OFFICE HONGKONG.Paid-up Capital...$15,000,000

FOREIGN EXCHANGE- and General Banking Business Trans»| acted.

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- ceived...

· INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum

OFFICIAL PRICES.

BANKS,

Banks

b. MARINE INSURANCES.

$760

$100 t. 155 b.

$920 n. ex 73 $260

$ 154

SHIPPING.

b.

$185

D

$224

For 6 Months 4% per annum For 12 Months 41% per annum

LOOK FOON SHAN,

"Chief Manage).

B,

$120

să.

$46

Ba

b.

108/- $28

NOTICE.

NOTICE.

b.

$385

Exports of from and steal goods, se might be expected, show a falling An important question has ---Official returns state that dur- off in most casse, although there arisen out of the Ersson Profiting the first half of 1910 the Ger- is recovery in the quantity of Tax with regard to companies man raw iron production amount-rail locomotives, sent to the holding properties in Netherlande ed to 8,497,000 tons, against Straits Setilsmante” and an ad- India. As most people will know, 6,530,000 tons during the first vance in the exports of textile an income tex is payable in half of 1915, or an incrass of machinery to China and Japan. Netherlands India, and faw com | 987,0C0_tonit,_equal to 171⁄2 per | Coming to imports, we find that panies bava hitherto raised; vent- The German cast stee! | there wor a further considerable objections to payment of the tax, production amounted during the decline in the supplies of the tes Cantons but in the assestment of that tax | sama perind to 7,758,000 tons from China and Java. There was North Chinas no allowance is to be made for against 6,187,000 tons during last month a recurrence of the Unions any payment made for British 1915, an increase of 1,569,000 sugar shipments from Java, and Yangtzes Excess Profile Tax. Thus, says tons, or 25 per cent,

inaressed quantities of tin" were

FIRE INSURANCES. There is on foot project for the L. & C. Express, we have

imported from the Straits Settle China Fires the establishment of a large sinc

another anomaly drising out of

ments and F.MB. Rubberzupplies H. K. Fires. refining company at Dairen by this tax, which should be a War

from the F.M.8. have continued the business men connected with Profits tax and not an Exos According to official statistion to advance, while there is still s Donglases the Osaka Zine Refaing Com- Profits tax. The matter is before the Sumatrs and. Borneo tobicoo falling off in the case of the Steamboats peny. According to the Mainichi the Babber Growers Association, sold daring the spring anotions Straits Settlements. To the total Indos (Def.) they take the view that if the and we may hope that it will be up to July 14 totalled 203,408 importe of rubber for Jaly may Indos (Pref.) large deposit of zinc are in the able to get its affiliated Associa- bales of Sumatra tobacco. These be added 6,811 centals of waste Shells Far East and Australis in adetion in Holland to get things were disposed of at an average of sad reclaimed rubber, making Ferries quately utilised, Japan will be A able to wrest from Germany and adjusted, so that the large British 192 per 14-kilo, against 181, the imports for the month fro

capital invested in this enterprise 743 balas at 0.105 in 1915, whilst all countries 121,246 cenials, and Sugars Belgian the positions they in Netherlands India will not of Borneo tobacon 6,482 bales for the first seven months of the Malabons copied as sine suppliers to the suffer in the way that is thresten were sold ate 157, against 11,053 years 982,807 contain, against world before the war. It is said

tales st c.53 during the same 1,119,222 centale last year. Wo Kailans that the new company will have

period of 1915. The following re-exported 73,199 centale last Langkats s capital of about 130,000,000;

were some of the principal re month, making 6709 9 cental: Raubs but it is not yet droided whether

salts: Sumatra : Amsterdam up to the end of July. an entirely separate company aball be established or the project assume the shape of an extention of the Osaka Company.

"

Trade Guilds in Japan.

ed at present.

The Trade of Tsinan in 1915.

H.M. Consul at Tainan (Mr. J.

a

Deli Co., 13,403 balee, at an, average of c.155, against 14,057 bales, at c.105 last year; Amstar-

*REFINERIES.

Tronohs

$112

Bab. $88 PEAK TRAMWAY CO

'MINING

LIMITED

TIME TABLE. WEEK DAYS.

7.00 h. la

1.30 d.

1.0 to 1000 40. 16.00 AM to 11:00 4.30- 11-30 6-3, 10 – 19:45 (TIMA

vævt 25 Mon.

**

30 M

Ma

x Ma

FADE ON

RESERVE FUNDS:

Sterling

£1,500,000 al 21-

-$15,000,000 Silver $18,000,000

Reserve Liability of

$33 900,000

Proprietors...$15,000,000

COURT OF DIRECTORS.

F. L. Fattanden Ex-Chairman" *. IL; Dodwall, Eng.-Deputy i kaleman GT. M. Adkins M

C. Gubby, Esq.

Boe. Mr. P.X, Horosk

Moa, Mr. D. Landals

J. A. Plemiger, Baq

Hon. Mr. Shelina -

CHINY MANAGER Hongkong-N., Stabd, Eng.

MANAGER Shangbai, G. Szephen, Esq. London Barr-London County and

W'estmiawer, Limited,

Hongkong-Interest Allowed t

Oo Current Accounts at the rain of 3 per cent. per annum on the daily balance,

ON FIZED DEPOSITE

For 1 months, 24 per cent, per annum, For 6 months, de per cent, per annum. For as months, per cent per antem, N. J. STABB,

Chief Manager.

HONGKONG SAVINGS BANK

THE Business of the above Bank is conducted by the HCEGKORG AND »HANGEAL BANKINO CORPORATION. Xules may be obtained on applicatiohj INTEREST og deposits is allowed on she ants- imam monchly balances at Byi per cent per aLLION TEN.

Depositors may transfer, at their option, balanses of $100 or more to the Hongkong and Shanghel Bank to be placed on FIXED DEPOSIT at 4 par DEKS, per KANUM.

30/

b.

11.

The

t. 281

$2,50 80/-

Urais.

341-

+

The Burma Rice Market- There are

now held up in

DOCKS, WHARVES, GODOWNS, &C.

zag make so ENE I 10

15. 10 SIR M to

**

35 x

4.

H

to Mem

100 120

Kim.

18 Alm

tion.

$851

b.

B.

NIGHT CARS.

13:00 slur ávery half hours

every quartæ of në kome, SUNDAYS

10 М

kov sum in toga simt. Evans u Min. Lego A to £1.00 AM 11.80 A.M. 10

FION 1.3, IE 110 1.00. N NIGHT CARS as on Wick Daya-

SATURDAY'S

Extra Cay 11 in midnight, S.PECIAL CARS

By Arrangement at the Compay's Câni. "Alonsodra Halldings,

Du Fork Bond,

t. 74

1.85

XID A.M.

LANDS, HOTELS

AND BUILDINGS.

11.00 NOK 16.00 Noor SO LOG PAG

b.

$100

3.00 TIM

**

1+00 1

20 Men.

11.

$115 $100

Loa FM, La

aj Kum

FO MIE

b.

$6,75

D.

$88

11.

t. 94

n.

$88

t. 149 t. 14,25

b.

b.

t. 98 t. 6.96

$8

· $4,75

b.

$9.00

b.

b.

$193 $3,85 $58

1.

$ 160.

the Ropes

La.

$39

Trams, Low Level b.

$7.25 $9,00

MISCELLANEOUS.

E. Pratt) reports that 1915 was prosperous year for the farmers of Shantung. Bumper harresta were gathered both in the spring dam Langkat Co., 9,835 bales, at Burms large stocks of rice cwing H. K. Wharves and autumn, though in certain sa average of c:160, against to the scarcity of ocean tonnage, Kowloon Docks sa, & b.. $181 localities considerable damage 8,152 bales 0.105 last and the difficulty that is likely Shai Docks

at was done by floods and locust, year; Amsterdam Serd. Co., to be experienced in the matter 'kew Wharves n.

3,259 balso, at Local producers benefited greatly

In BYarage of export. The annual Customs from the increased demand for of c.183, against 2,683 bales at report of the Province for 1915-16, It is a satisfactory sign of the hides and cotton, which are large-94 last year; Deli Batavis Co., reviewed in the Indian Trade Centrals times, writes the Yomiuri, that ly exported from Shantung. At 17.638 bales, at an average of Journal, throws scme light en H. K. Hotels the necessity for preventing the the end of 1915 a briak trade 0.248, against 14,608 bales at the subject. The export of clean Land Invest. b. export of goods of inferior quality sprang up in cattle, which were 118 last your; Dali Langkat Co., ed rice and paddy during the H'phreys Est. as a means of the extension of sent to Nanking at the rate of 2,680 bales, at an average of year was about 2,192,000 toss, Kloon Lands foreign trade bes began to receive 200 a day, and there slaughtered c.133, against 2,520 balss at a 88 which was less than was recorded Shai Lands

West Points serious attention of publicists. It for export to Europe. There was leat year; Deli Maatschappij. in any of the previous nine years should be borne in mind that to also an increasing demand for 43,600 bales, at an average of except 1011-12. Iodis took 58 COTTON MILLS. attain the end in view an improve egg products, which are being c.227, against 44,238 bales at per cent, of this amount, a record Ewos. ment in the industrial system as exported in large quantities. The 0.114 last year; Medan Tabak figure, being established. The Kung Yiks b. well as in the method of asle is year, however, was one of great Co., 10,618 bales, at an average demand was large owing to Shai Cottons necessary. As maliers stand now, obange and dislocation. As of 0.215, against 8,801 bales at asarcity in Bangal Bihar and Yangtzepoos Japanese exporters have to em-result of the capture of Tsingtao, c.99 let year; Padang Tabak, Orises and Madras, and it was pete with their compatriote at Japanese poured into the Province 2,284 bales, at en average of natural that exports should as Borneos home and fight their foreign introducing their goods and trade.130, against 2,240 bales at c.57 far as possible, be diverted to China Light & P. b. rivals abroad, and their single ing in various exports for which last year; Bimboen Tabak, 2,376 India owing to the difficulties con Providents serv ceable weapon in the combat there was a demand in Japan; bales at an average of 0.176, acated with foreign trade. These Dairy Farms is cheapness. The diminutionench as cotton and native oil against 3,641 bales at c.137 last are described as the enormona Green Islands of profit

H. K. Electrics inevitably resalt- Now trades sprang up and year; Rotterdam Deli, 11,773 advance in freights, the scarcity. Ice Co., ing from underselling hus flourished while old trades bales, at an average of c.187, of steamers, and the risk of their of necessity to be borne by languished. Towards the end of against 10,684 bales at c.98 last being requisitioned and the manufacturers, who in turn 1916, the export of groundouts year; Senembah Co., 17,601 bales restrictions imposed by Govern Trams, Peak, old b. are obliged to lower the quality usually one of the staple exports at an average of c.214, against ment to prevent supplies reaching Trams, Peak, new b. cents .80. of the gooda. In this way the from Tiensa-died

14,559 bales at 0.131 last year; enemy countries or trading profits | Laundries manufacture of articles of indif- altogether, and the nuts were Serdang Tabak, 2,279 bales, at going to enemy firme. Some ideal U. Waterboats »n. ferent quality is brought about pressed locally to produce oil. su average of c.165, against of the change which the war Watsons and hamperashe growth of Japan's Most of this oil was exported to 3,899 bales at c.57 last year; brought about may be obtained Wm. Powells foreign trade. If the prevailing the south of China and to Japan; Tabak Mij. Arendsburg, 9,240 from the fact that no rice wont to Morning Posts b. evil is to be removed, the remedy some was used locally as an balee, at an average of c.209. Germany and Austria-Hungary, must be applied to its root, sud illuminant. It is said that an oil against 9,157 bales at 0.78 whereas their annual average for this purpose the prevention practically indistinguishable from last year; Tabak M. Kra- takinge were about 300,000 and of underselling by means of an olive oil Can be produced pob," 3,188 bales, at an average 170,000 tons respectively in the agreement among exporters ought from groundnuts. Among the of 142, against 3,437 bales st three preceding years, The to be effective. It should be

new. Cradea which

0.09 last year; United Laukat, United Kingdom was Barma's best remembered, however, that an up in 1915 should be 12,300 bales, at an average of customer, an increase of 91,000 agreement of this sort will be of tioned the export of copper oseb, 0.135, against 15.835 bales at tons occurring. Exports to fiol- more advantage to those mer about 1,300 of which (in normal c.108 Last year. Borneo: New land were negligible owing to the chsote having so established times) exchange for a dollar. The Darvel Bay, 2,987 bales, at c.173, contraband regulations. Before reputation and extensive con- Japanese discovered that these against 4,102 at c.83; New London, the war that country used to take nections than to those who coins could be melted down at a Borneo, 2,714 bales, et c.121, more Barma rise than Anatris-

comparatively дая in very large profit and immediately against 5,503 bales at c.43 lest Hungary. Freight to the United T/T the field and whone epormous quantities were pur-year. Several of the companies Kingdom rose to the unprecedent Demand business scope is limited. But chased, sent to Taingtso, and bave already disposed of their ed figure of 1758 per ton, the 30 d/e. the cultivation of a sense of basi- there melted down for export to total crop for 1915. nese morality is the only meane Japan, where the metal was

are

bean

Away

aprang msn-

open-

Colton

b.

$81

$17,00

b.

$7,00

S.

$6,90 $29

CORRECTED TO NOON TUESDAY SEPTEMBER 19, 1916.

BENJAMIN & POTTS, Share and General Brokers.

Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

........ 2/2

2/2 5/16 2/2 36 2/2 1/2 2/2.9/16

70

93

102

162 4

163

52

126

3.05 4

BUYING.

4 m/s. L/C

2/3 1/16 2/3 3/15 ....... 2/3-5/16

2/3 5/16

53 14

4

"Season and panch tickets available for all cars cot already (all, running at the time stated in-the Company's time tables, but not for special care. Cas be obtained on application at the Compary's Qfice No son ticiers will be issued until pagiment their for has been made in Bank Bons or by Chaqu

Compradore order representing Bank 5 otes 2

JOHN D. HUMPHREYS & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

(Capital Paid up...$1,250,000.)

Loans on Mortgage of House Property c Goods retired on Stowage.

Advances made on Merchandise,

Lo made on the Providers System: (Rates and Particulare on application)

The Office of

TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, Bey Undertaken and Essculed.

SHEWÀN, TOMES & Co.. General Managers.

MITSUBISHI COSHI

KWAISHA.

MITSUBISHI 00.) COAL DEPARTMENT,

SOLE PROPRIETORS OF

|

TAKASIMA OCHI, MUTABE KISK- IDAKE, YOSHINOTANI, HOJO, KAMA-, ZUTÁ, SAYO, KANADA, SMINKEW, KAMIYAMADA; VINAI and QYUBARI

Celtiaries."

Agent for SAKITO COAL

HEAD OFFICE:- MARUNOUCHI, TOKYO,

BRANCH OFFICES :-NAGASAKI

MOJI, KARATSU, WAKAMATHU, OTARU, MURORAN, HAKODATE KOHE, OSAKA, KURE, TOKYO, YOKO- HAMA. NAGOYA, TSURUGA, VLADI. VOSTOCE, HANKOW, PEEING, LON- DON, NEW YORK, SHANGHAI, FONGKONG HAIPHONG ni CANTON

Cable Address:----"IWASAKI," Codes:"Al, A.B.C. 5th Ed., West- ern Union, and Bentley's.

AGENCIES:-

·CHINKIANG-Mesors. GEAR- ING & Co., MANILA-Messrs. MACONDRAY & Co., SINGA- PORE Messrs. BORNEO Co. LTD, GLASGOW-Messrs, A. R. BROWN,MOFARLANE & Co., LTD.

For Particulars, apply to-m

K. KATO,

Manager,

For the Hongkong and Shangbai Banking Corpora

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Beyal & Darfur 1953.

HEAD OFFICE—LONDON,

Paid-up Capital.am-commerc

Keserve Fund, Reserve Liability of Propristert..........£1,300,00 "FOREIGN EXCHANGE and Genmal Bankin business transacted. CURRENT ACCOUNTS opened and PIKED DIPOSITE received for I your or shorter periods, si rates which will be quoted as application,

T. C. DOWNING,

Manager Hongkong, 11th April, 1912,

THE MERCANTILE BANE OF

INDIA, LIMITED. "

Head Office 15, Gracechurch Street, London. -

Authorised Capital Subscribed

Paid Up

Reserve Fund

BANKERS:

The Bank of Englar!,

£1,500,000

1,125,000

562,500

$50,00%

The London Jolat Stock Bask, Limited. BRANCHES —

Dombay

Calcatia

Colombo

Delki

Galle

Hongkong

Howzab

Kandy

Fort Louis (Min.)

Karachi

Kota Bharu Kunis Lampos Madr

Penang

Fangoon

: banghal

Lingapore

HONGKONG BRANCH,

Every description of Banking and Rechanj o business transacted.

Interess allowed on Current Accounts at a per cena per annum on Daily Balanças, and on Fired. Reposit it rates which may be ascertained on application.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE ;

Oo, Wall St., New-York

LONDON OFFICE":

16. Bishopsgate, R.C.

CAPITAL PAID UP...$3,250,000* RESERVE FUNDS

U.S. GOLD

BOMBAY CALCUTTA

CANTON CEBU COLAN HANKOW

BRANCHES

.$9,628,000°

.$6.878,000.

HONGKONG PEKING,

KOBE. SAN FRANCISCO- LONDON SHANGHAI MANILA

BINGAPORE

MEDELLIN TIENTSIN- PANAMA

VOKOHAMA

Through its close affiliation with The Naticani City Bank of New York, the Bank is able to offer the Servicer of the Branches of that Institution in Cuba and South America, namely

BURNOS AVRE HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA.

SANTOS, SAO PAULO.

All kinds of POREIGN & LOCAL BANKING BUSINESS Candacted. DEPOSITS received at rauet to be scertained on application,

H. 2. MARSHALL,

Hn Hongkong, 1st June, 1916.

CURRENT ACCOUNTS opened and TIXED

average for the four years before 60 d/s............... the war being just below 28s. 4 m/s..... to promote progress under each ultimately used for munitions of Board of Trade Returns. Trade with Japan sank to 4000 | T/T Shanghai... an agreement. Whatever evile war. In consequence of the prostars of the United Kingdom, for ranged between 100,000 and Japan

The trade and navigation re- tone, though formerly the demand TT Singapore may be due to such an agreement perous state of Shantung money will be preferable to an under was very plentiful, and some of July, issued by the Board of 300,000 tons; good Japanese Demand, India

T/T Indis selling competition among the it is finding an onilst in joint Trade, show that the imports in crops and high freights accounted T/T San Francis-1 Japanese exportare and the loss stock enterprises. In Teinta a

Jaly were valued at £76 772,371. for the falling off. The history of reputation of export goods for flour mill bas

co & New York/ an increase of £1,048,004 on 1915 of the Barma rice market daring T/T Java their inferior quality. It is also ed, and s large

and £17,325,887, on 1914. The 1915-16 is said to have been a T/T Marke.Nom contended that the conclusion of mill is about to be started, while exporta were valued at £46,323. peculiar one. Prices were low T/T Francs........... a selling agreement among exper- another four mill is about to be 057, an increase of $11,801,546 at the beginning of the year, Demand; Paris....... 3,06 tere will have the effect of bring started at Tsieing, thriving on 1915 and $1,917,677 on 1914. white rios being quoted at Bs. ing pressure by them to bear ou town in the south of the Province. There were large increases in im-230 per 100 baskets. A steady the manufacturers. Probably It is probable that Shantung will ports of cotton and woollen goods, rise followed, and then in August this will be inevitable but the provide a promising market in cosi and cake, and iron and steel. speculators came in and rushed

4 m/s. D/P manufacturers may resist the future for machinery of various Generally speaking, however, the the price to 480r. Supplies of 30 ds. Sydney &

6 m/s. L/C pressure of exporters by means of kinds. In 1915, in spite of low increasee were fully accounted paddy were then poured in, and Melbourne....! * combination among themselves, exchange and the difficulties for by the rise in prices. It by the end of November the 30 d/s. San Frano- For this reason the epeady creation created by the war, foreign im- will be noted that there was quotation for white rice was 320r. isco New Yorkf of guilde among manufacturers porters of specialised goods, nach further increase in export In December transactions in the 4 m/s. Marks....Nom. will be much more important as cigarettes, soap, candles, and of linen piece goods to new arop, a bamper one, began; than their establishment among oil, all did a thriving trade. Brit. Japan and the Datah Indise, and it soon became apparent that 5 rafs. Franos 3.22 exporters. Some time ago the ish piece-goods, however, found while China and Japan took more paddy was being held back to an Demand, New York. 52 16 rasuafacturers of toys made an a formidable competitor in Japan-woollen and worsted tissues than extraordinary extent, There agreement to attach labels to all..ose piece-goods, owing to the fact in the corresponding month of seems to have been general Demand, Bombay... 163 goods, showing the names of the that the sale of Japanese pisse 1915. There are still abnormally determination to retain the steeks T/T Calcutta........ manufacturers, and this is said to goods is pushed by the Japanese large quantities of paper going in the hope of the high prios of Demand, Calcutta... 163 have had a noticeable effect in on the spot, while the local trade to the Straits Settlement, and the the autumn of 1915 being again Demand, Manila... 1031 stopping the turning out of goods in British piece-goods is entirely some applies, incidentally, to the secured, but the holdere did not Demand, Singapore. 93 3 of indifferent quality. It is quite in the hands of Chinese deslera. United States. In the latter case, realise that those prices were due On Haiphong posible, therefore, that ander: In writing of the "prosperity of pomibly, it is a result of the pre- to speculation. At the end of the On Baigon..... selling by exparters and their Shantung, the term must be sidential requirements in the official year prospects were said On Bangkok 70 36 attempt to force manufacturers to understood strictly according to matter of Notes, but there seems to be very dubious, so there was undermell may be largely prevent Chinese standards. A province to be no reason for the added a balance of a big crop still up Bar Bilter, per a 52.11/16

Gold Leaf, per oz.... 52.90 ed by the development of a guild may be very finurishing one year demands on this country in the country, and freights were be system. Probably it is in view and famine-stricken the next; as case of the Straits. It should be coming more and more soarce and SUBSIDIARY COINS, of these aroumstances that the soon as any particular trade shows noted that, as a coatter of fact, expensive. It would have been Government is mid to be engaged signs of prosperity and expansion, the exports to the Colony in July far better if stockholders had #regarding trade guiida, so that an it, and through this taxation the not exceed the quantity exported | plied during the cold weather Chinese..,20 cts, pied dis, zit Cannot be Besten, if Equallod | „stination hyptioncióndans quel

in the compilation of a new Bill the first idea appears to be to lax while in excess of last year, did kept the Rangoon mills well sap. improvement may be introduced soumulation of wealth and the in July, 1014, but this has not months, as then the external Chinese,.,10 among merchants and manufact- development of material resources wiped out the increase over 1914 demand would have been stimul- Hongkong20 eta, pieces) urers in their business methods: 'is prevented.

on the total "exporisă todala. sled by lower prices.

Hongkong

4 m/s. Franca ......3.17 14

Demand, Germany..

T/T Bombay

Sovereign

34 prom

334% prem.

9.05 Nom.

No. 2, Pedder Street, Hongkong YOKOHAMA SPECIE BANK,

MARTIN'S

APIOL

MARTIN'S

THE ALEXANDRÀ CAFE

DISCOUNT PER $100

17% dia.

prem 1% prem

for Bread, Cakes, Confectionery and meals with Winas, & Lingers,

THE

LIMITED.

Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital Reserve Fand......

17

50,000,000

20,830,000

14

Head Office.-YOKOHAMA.

Brachas

- Atmeg.iftian

Br

Changchun Daina

and

Agencies, Magnoli Newdance

w York Oka

Faking Rysian For

San Francisca

Handels

Ledos

Los Angele

IntestAllować on Cures &cape. Dopolitz vestland' far fami- packed it takes us 14

E EISHI ONO, Manage Hongkong, 11th Sept, 1116.

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